Wildstone, a company specializing in outdoor media infrastructure across the United Kingdom and Europe, has completed a landmark £350 million ($446 million) infrastructure refinancing, which it will use to refinance debt and fund the next stage of its growth.
Deutsche Bank served as underwriter and MEAG, Lloyds, Natixis and M&G as mandated lead arrangers.
Since 2010, Wildstone has worked to develop a portfolio of more than 5,000 Out-of-Home (OOH) assets across the United Kingdom, Ireland, Spain, the Netherlands and Germany. Such assets include digital 48-sheet screens, classic paper and paste billboards, as well as super-premium digital sites.
The new debt facility will enable Wildstone to further scale its portfolio in European markets and explore strategic opportunities to expand its global reach, as the global digital OOH market size is forecast to double from $23 billion at present to $46 billion by 2029, representing an annual growth rate of 15.2 perce